Frasers Property : secures fourth inexperienced sustainable financing for its Australia enterprise

Frasers Property : secures fourth inexperienced sustainable financing for its Australia enterprise



Frasers Property secures fourth inexperienced / sustainable financing for its Australia enterprise

  • A$600m five-yearsustainability-linked mortgage comprising A$300 million time period mortgage and A$300 million revolving credit score facility
  • To incentivise sustainable practices, value mechanism offers curiosity price financial savings with upkeep of minimal four-star GRESB ranking yearly


Frasers Property Restricted (“Frasers Property”, and along with its subsidiaries, the “Group”) right now introduced that Frasers Property Australia (“FPA”) has secured a company syndicated sustainability-linked time period mortgage and revolving credit score facility (“SLL”). To incentivise sustainable practices, the SLL has a value discount construction with curiosity price financial savings from the second 12 months onwards if FPA maintains a minimal four-star World Actual Property Sustainability Benchmark (“GRESB”) rankings yearly.

The A$600 million five-year SLL, which includes a A$300 million time period mortgage to refinance a maturing mortgage and a A$300 million revolving credit score facility for use for normal company functions, is issued below the Sustainable Finance Framework (“the Framework”) (Hyperlink). That is the fourth inexperienced / sustainable financing secured by the Group’s enterprise in Australia since FPA secured its first inexperienced mortgage in March 2019, which was additionally the primary company syndicated inexperienced mortgage derived from the LMA/APLMA Inexperienced Mortgage Ideas1 in Australia.

Mr Bathroom Choo Leong, Group Chief Monetary Officer of Frasers Property, commented, “We’re inspired by the credit score market’s recognition of our Australia enterprise’s robust sustainability credentials and the Group’s monetary energy. One in every of Frasers Property’s sustainability objectives is to finance nearly all of our new sustainable asset portfolio with inexperienced or sustainable financing by 2024. We’re happy with our progress up to now, having secured over S$8 billion of inexperienced or sustainable financing throughout the Group since our first inexperienced mortgage in September 2018.”

Frasers Property’s operations in Australia are licensed carbon impartial below the Australian Authorities’s Local weather Lively Carbon Impartial Customary. FPA has set net-zero carbon goal in improvement and operation by 2028 below accredited Science-Primarily based Targets2. FPA has maintained a five-star GRESB ranking since 2018. For its new developments in Australia, Frasers Property is aiming to realize a five-star GRESB ranking, with at the least a four-star ranking for its current portfolio.

The SLL was underwritten by a syndicate of three banks:

Mandated Lead


Barclays Financial institution PLC (as Underwriter) and Barclays Capital Asia Restricted (as Mandated

Underwriters and

Lead Arranger and Bookrunner); Mizuho Financial institution, Ltd.; and UOB



Barclays Capital Asia Restricted


  1. The Inexperienced Mortgage Ideas had been launched by the Mortgage Market Affiliation (“LMA”) and Asia Pacific Mortgage Market Affiliation (“APLMA”) in March 2018. The Inexperienced Mortgage Ideas set out a transparent framework to advertise integrity within the improvement of the inexperienced mortgage market by clarifying the traits of a inexperienced mortgage, primarily based across the following 4 core elements:
    1. Use of Proceeds
    2. Undertaking Choice and Analysis
    3. Administration of Proceeds
    4. Reporting


About Frasers Property Restricted

Frasers Property Restricted (“Frasers Property” and along with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multi-nationaldeveloper-owner-operator of actual property services and products throughout the property worth chain. Listed on the Major Board of the Singapore Trade Securities Buying and selling Restricted (“SGX-ST”) and headquartered in Singapore, the Group has whole belongings of roughly S$40.7 billion as at 31 March 2022.

Frasers Property’s multi-national companies function throughout 5 asset lessons, specifically, residential, retail, industrial

  • enterprise parks, industrial & logistics in addition to hospitality. The Group has companies in Southeast Asia, Australia, Europe and China, and its well-established hospitality enterprise owns and/or operates serviced flats and motels in over 20 international locations and 70 cities throughout Asia, Australia, Europe, the Center East and Africa.

Frasers Property can be the sponsor of two actual property funding trusts (“REITs”) and one stapled belief listed on the SGX-ST. Frasers Centrepoint Belief and Frasers Logistics & Business Belief are targeted on retail, and industrial & industrial properties, respectively. Frasers Hospitality Belief (comprising Frasers Hospitality Actual Property Funding Belief and Frasers Hospitality Enterprise Belief) is a stapled belief targeted on hospitality properties. As well as, the Group has two REITs listed on the Inventory Trade of Thailand. Frasers Property (Thailand) Public Firm Restricted is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is targeted on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Actual Property Funding Belief, which is targeted on industrial properties.

The Group is dedicated to inspiring experiences and creating locations for good for its stakeholders. By performing progressively, producing and consuming responsibly, and specializing in its individuals, Frasers Property aspires to boost sustainability beliefs throughout its worth chain, and construct a extra resilient enterprise. It’s dedicated to be a net-zero carbon company by 2050. Constructing on its heritage in addition to leveraging its data and capabilities, the Group goals to create lasting shared worth for its individuals, the companies and communities it serves. Frasers Property believes within the range of its individuals and are invested in selling a progressive, collaborative and respectful tradition.

For extra data on Frasers Property, please go to frasersproperty.comor comply with us on LinkedIn.


Frasers Property Restricted



CHEN MeiHui | Kelvin LEE

Gerry WONG

+65 6932 2381 | +65 6277 2606

+65 6277 2679


Frasers Property Restricted revealed this content material on 30 Could 2022 and is solely answerable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 30 Could 2022 01:35:14 UTC.

Publicnow 2022

All information about FRASERS PROPERTY LIMITED

Gross sales 2022 3 871 M
2 826 M
2 826 M
Internet earnings 2022 230 M
168 M
168 M
Internet Debt 2022 13 688 M
9 995 M
9 995 M
P/E ratio 2022 17,2x
Yield 2022 2,64%
Capitalization 4 319 M
3 153 M
3 153 M
EV / Gross sales 2022 4,65x
EV / Gross sales 2023 4,39x
Nbr of Staff 5 032
Free-Float 12,6%


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Frasers Property Limited Technical Analysis Chart | MarketScreener

Technical evaluation tendencies FRASERS PROPERTY LIMITED

Brief Time period Mid-Time period Lengthy Time period
Traits Bearish Impartial Impartial

Revenue Assertion Evolution



Imply consensus OUTPERFORM
Variety of Analysts 5
Final Shut Worth 1,10 SGD
Common goal value 1,36 SGD
Unfold / Common Goal 23,5%



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